What is Tether Treasury?

What is Tether Treasury? According to cryptoglobe, Tether Treasury is an asset-

What is Tether Treasury?

What is Tether Treasury? According to cryptoglobe, Tether Treasury is an asset-backed bond that is issued in compliance with the rules of the U.S. Securities and Exchange Commission (SEC), which is anchored at a 1:1 ratio to the U.S. dollar. This bond provides investors with up to 100 million dollars in security deposits and collateral, and can be sold to third parties at any time, subject to legal permissions.

Reportedly, Tether Treasury is a digital investment contract used to invest in other cryptocurrencies or blockchain assets, and provides insurance services to its holders, including but not limited to corporate debts, commercial promissory notes, collateral, etc.

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